Japanese phenom Shohei Ohtani is now available to Major League Baseball teams

If the official posting happens Friday, that would put his signing at no later than December 22.

That timeframe was revealed in conjunction with the announcement of a new agreement between MLB and Nippon Professional Baseball that lays out terms for players to move from Japan to MLB beginning next offseason. The 23-year-old can be used as both a pitcher and hitter, which is exceedingly rare in the Major League Baseball and the main reason he's been compared to Babe Ruth.

According to Ken Rosenthal of Fox Sports, those meetings with the potential star could begin "as soon as next week".

Some parts of the posting system will be the same as the old one, at least for this year. The price: a $20 million posting fee to the Nippon-Ham Fighters, Ohtani's former team, and a relatively small bonus that falls within the parameters of the league's worldwide bonus pool. The fee will be 20 percent of the first $25 million of a major league contract and the percentage drops to 17.5 percent of the next $25 million and 15 percent of any amount over $50 million.

His agent, CAA Baseball co-head Nez Balelo, sent a memorandum to all teams November 24 asking for "presentations in both Japanese and English via email" allowing the agency to "share it with the Otani family so we can proceed with our due diligence".

All 30 teams could potentially be in the mix, since worldwide signing caps significantly limit the price of the 23-year-old. He hit.332 in 65 games with 16 doubles, eight homers and 31 RBIs. The Texas Rangers now have the most money in their pool at $3.55 million followed by the New York Yankees at $3.5 million.

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